National independent financial advice group AFH today announced it was joining forces with Maidstone-based Core Financial Services.
The deal, worth £7.7m, is the biggest in AFH’s 28-year history. Core’s boss Mark Sutton will join AFH, along with his team of 9 advisers and their support staff. The deal adds £230m to AFH’s funds under management, taking the group’s total to around £4.5bn.
Mark and colleagues started Core in 2004, and the company currently advises around 2,500 clients along the south coast and in Nottingham and London.
AFH chief executive Alan Hudson said:
“This deal will significantly expand AFH’s position in the South East. I am pleased to welcome Mark and his team to AFH and I look forward to working with them to further the growth of AFH.
“It’s great to be celebrating our biggest deal since we started in 1990. And we’re not stopping here!”
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Gunner & Co. work with IFAs looking to sell their business, and can give you more information on selling to AFH if you wish – contact louise.jeffreys@gunnerandco.com
